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Read the requirements. Requirements b. Journalize all the costs chargeable to the building in a single entry. c. Journalize depreciation on the building for 2021

image text in transcribed Read the requirements. Requirements b. Journalize all the costs chargeable to the building in a single entry. c. Journalize depreciation on the building for 2021 . 1. Journalize transactions for the following (explanations are not required): a. Purchase of the land b. All the costs chargeable to the building in a single entry c. Depreciation on the building for 2021 2. Report Chang's plant assets on the company's balance sheet at December 31, 2021 . 3. What will Chang's income statement for the year ended December 31,2021 , report for these facts? Requirement 2. Report Chang's plant assets on the company's balance sheet at December 31, 2021. Balance Sheet Plant assets

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